Here's exactly how much you should keep in a home repair fund, because owning a home is always more expensive than you think

Keep your home repair emergency fund in a separate high-yield savings account

Experts recommend saving 1% to 4% of your home's value per year for repairs and maintenance. . If you don't have the money and need to pay for home repairs, consider a home equity line of credit or home equity loan. Visit Business Insider's homepage for more stories. When you buy a home, you don't plan on spending over $20,000 on repairs. But life happens. The roof leaks, squirrels get into the attic, and plaster cracks.

Experts recommend saving 1% to 4% of your home's value per year for repairs and maintenance. . If you don't have the money and need to pay for home repairs, consider a home equity line of credit or home equity loan. Visit Business Insider's homepage for more stories. When you buy a home, you don't plan on spending over $20,000 on repairs. But life happens. The roof leaks, squirrels get into the attic, and plaster cracks.

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